Nonprofit · EIN 56-0552787
NORTH CAROLINA BAPTIST HOSPITAL
Tax-exempt · WINSTONSALEM, NC 27157
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $3,259,407,603 | $3,178,051,973 | $81,355,630 | $2,781,137,808 | $1,037,486,676 | $1,743,651,132 |
| December 31, 2023 | 990 | $2,974,309,173 | $2,929,347,846 | $44,961,327 | $2,399,495,652 | $904,309,550 | $1,495,186,102 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $5,370,913
- of which government grants
- $1,357,928
- Program service revenue
- $3,214,985,185
- Investment income
- $37,894,959
- Net rental income
- $285,873
- Net gain from sales of assets
- $13,701,800
- Other revenue
- $1,156,546
Expenses
- Grants and similar amounts paid
- $4,001,472
- Compensation of officers, directors and key employees
- $26,837,722
- Other salaries and wages
- $850,459,086
- Salaries, compensation and benefits (total)
- $1,104,767,422
- Professional fundraising fees
- $0
- Legal fees
- $114,049
- Occupancy
- $526,544,961
- Travel
- $1,622,124
- Depreciation
- $70,480,697
- Program services (functional)
- $3,015,986,253
- Management and general (functional)
- $162,065,720
Balance sheet and other
- Total assets, start of year
- $2,399,495,652
- Total assets, end of year
- $2,781,137,808
- Total liabilities, end of year
- $1,037,486,676
- Net assets, end of year
- $1,743,651,132
- Land, buildings and equipment
- $822,564,980
- Publicly traded securities
- $963,592,986
- Net assets without donor restrictions
- $1,734,746,843
- Net assets with donor restrictions
- $8,904,289
- Gross unrelated business income
- $1,759,663
- Gross receipts
- $3,260,572,213
- Employees
- 0
- Volunteers
- 455
- Year formed
- 1923
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JULIE ANN FREISCHLAG MD | CEO OF AHWFB Officer | 15.7 | $7,594,629 | $0 | $40,091 |
| BRADLEY A CLARK | EVP, TREASURER Officer | 2.2 | $2,513,703 | $0 | $419,389 |
| TERRY G WILLIAMS | FORMER OFFICER Former | 0 | $2,204,442 | $0 | $248,612 |
| L EBONY BOULWARE MD | DEAN, WFU SOM Officer | 40 | $1,717,096 | $0 | $35,593 |
| J MCLAIN WALLACE JR | SVP, GEN COUNSEL & SEC Officer | 12.8 | $0 | $1,659,102 | $30,227 |
| DAVID ZAAS MD | PRES, HEALTH SYSTEM Officer | 10 | $1,314,010 | $0 | $40,169 |
| KEVIN P HIGH MD | FORMER OFFICER Former | 0 | $1,277,196 | $0 | $45,150 |
| CATHLEEN WHEATLEY DNP | PRES WFBMC, SVP CNO Highest-paid employee | 40 | $0 | $1,249,664 | $18,941 |
| A MICK FISHER | SVP, CHRO WFB Highest-paid employee | 7.9 | $0 | $985,312 | $34,812 |
| LISA M MARSHALL | VP, CHIEF PHIL OFF Officer | 10 | $0 | $974,433 | $31,375 |
| ALISA STARBUCK DNP | PRES BRENNER'S CH HOSP Highest-paid employee | 40 | $0 | $870,609 | $40,148 |
| TODD BANKHEAD | SVP CLINICAL OPS, COO Highest-paid employee | 40 | $0 | $862,124 | $39,293 |
| MICHAEL T WAID | SVP HLTH SYS OPS & INTG Highest-paid employee | 26.5 | $0 | $836,668 | $50,757 |
| STEPHAN L LILLIE | SVP & CFO AHWFB Officer | 13 | $0 | $666,639 | $62,046 |
| STEPHEN L ROBERTSON | CHAIR Trustee or director, Officer | 2 | $0 | $0 | $0 |
5 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ARTHUR A GIBEL | VICE CHAIR Trustee or director, Officer | 2 | $0 |
| A LEE HERRING | TRUSTEE Trustee or director | 2 | $0 |
| REV FRANK THOMAS | TRUSTEE Trustee or director | 2 | $0 |
| WILLIAM C WARDEN JR | CHAIR Trustee or director, Officer | 2 | $0 |
| SHEREE B WATSON | TRUSTEE Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 21 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JULIE ANN FREISCHLAG MD | CEO OF AHWFB Officer | 15.7 | $5,194,069 | $0 | $50,088 |
| KEVIN P HIGH MD | PRES, HEALTH SYSTEM (TO 8/31/23) Officer | 8.8 | $2,269,909 | $0 | $52,075 |
| TERRY G WILLIAMS | FORMER OFFICER Former | 0 | $1,681,163 | $0 | $281,221 |
| BRADLEY A CLARK | EVP, TREASURER Officer | 2.2 | $1,431,976 | $0 | $145,795 |
| CATHLEEN WHEATLEY DNP | PRES WFBMC, SVP CNO Highest-paid employee | 40 | $0 | $1,142,653 | $33,711 |
| J MCLAIN WALLACE JR | SVP, GEN COUNSEL & SEC Officer | 12.8 | $0 | $983,574 | $35,934 |
| E EBONY BOULWARE MD | DEAN, WFU SOM Officer | 40 | $923,292 | $0 | $32,149 |
| ARTHUR MICK FISHER | SVP, CHRO Highest-paid employee | 7.9 | $0 | $887,944 | $41,049 |
| MICHAEL T WAID | SVP HLTH SYS OPS & INTEG Highest-paid employee | 26.5 | $0 | $797,934 | $57,880 |
| TODD BANKHEAD | SVP CLIN OPS, COO Highest-paid employee | 40 | $0 | $786,744 | $45,733 |
| LISA M MARSHALL | VP, CHIEF PHIL OFF Officer | 5 | $0 | $635,041 | $36,014 |
| ALISA STARBUCK DNP | PRES BRENNER'S CH HOSP Highest-paid employee | 40 | $0 | $571,939 | $48,802 |
| STEPHAN L LILLIE | SVP & CFO AHWFB Officer | 13 | $0 | $572,269 | $33,957 |
| WILLIAM D SHOWALTER | FORMER OFF (5/13/22) Former | 0 | $0 | $520,841 | $29,498 |
| DAVID W ZAAS MD | PRES, HEALTH SYSTEM (FR 9/1/23) Officer | 10 | $530,164 | $0 | $6,594 |
| A LEE HERRING | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| ARTHUR A GIBEL | TRUSTEE Trustee or director | 2 | $0 | $0 | $0 |
| EDWIN L WELCH JR | TRUSTEE (TO 12/31/23) Trustee or director | 2 | $0 | $0 | $0 |
| SHEREE B WATSON | CHAIR Trustee or director, Officer | 2 | $0 | $0 | $0 |
| STEPHEN L ROBERTSON | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 | $0 |
| WILLIAM C WARDEN JR | TRUSTEE Trustee or director | 2 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- MEDICAL CENTER BOULEVARD, WINSTONSALEM, NC 27157-0001
- In care of
- % TRACY LESSER
- Principal officer (990 for 2024)
- JULIE ANN FREISCHLAG MD, MEDICAL CENTER BOULEVARD, WINSTONSALEM, NC 27157
- Signed the 990
- BRADLEY A CLARK, TREASURER
- Phone
- (336) 716-2276
- Website
- WWW.WAKEHEALTH.EDU
Mission
SEE SCHEDULE O FOR CONTINUATIONNORTH CAROLINA BAPTIST HOSPITAL (AT TIMES ALSO REFERRED TO AS THE "HOSPITAL OR "NCBH OR "THE FILING ORGANIZATION") IS AN INTEGRAL PART OF ATRIUM HEALTH WAKE FOREST BAPTIST (AHWFB), A PREEMINENT LEARNING HEALTH SYSTEM AND ACADEMIC MEDICAL CENTER OF THE HIGHEST QUALITY WITH BALANCED EXCELLENCE IN PATIENT CARE, RESEARCH AND EDUCATION THAT PROMOTES BETTER HEALTH FOR ALL THROUGH COLLABORATION, EXCELLENCE AND INNOVATION. AHWFB'S MISSION IS TO IMPROVE HEALTH, ELEVATE HOPE, AND ADVANCE HEALING FOR ALL. AHWFB'S VISION IS TO BE THE FIRST AND BEST CHOICE FOR CARE.
Program accomplishments
- SEE SCHEDULE O FOR COMPLETE DESCRIPTIONExpenses $3,015,986,253 · grants $4,001,472 · revenue $3,213,225,522
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 56-0552787
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Hospital or medical research organization
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2003
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E220)
- Assets (IRS master file)
- $2,781,137,808
- Income (IRS master file)
- $3,260,572,213
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $3,259,407,603 | $3,178,051,973 | $2,781,137,808 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $2,974,309,173 | $2,929,347,846 | $2,399,495,652 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $2,499,734,301 | $2,520,454,293 | $2,183,312,199 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 56-0552787).
Questions about NORTH CAROLINA BAPTIST HOSPITAL
- What is the EIN of NORTH CAROLINA BAPTIST HOSPITAL?
- The employer identification number (EIN) of NORTH CAROLINA BAPTIST HOSPITAL is 56-0552787.
- Is NORTH CAROLINA BAPTIST HOSPITAL tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2003.
- Are donations to NORTH CAROLINA BAPTIST HOSPITAL tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NORTH CAROLINA BAPTIST HOSPITAL file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of NORTH CAROLINA BAPTIST HOSPITAL due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NORTH CAROLINA BAPTIST HOSPITAL last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of NORTH CAROLINA BAPTIST HOSPITAL?
- The 990 for the year ended December 31, 2024 names JULIE ANN FREISCHLAG MD.
- Who are the officers and directors of NORTH CAROLINA BAPTIST HOSPITAL?
- The 990 for the year ended December 31, 2024 lists 20 people; 6 received compensation from the organization, the highest $7,594,629 (JULIE ANN FREISCHLAG MD, CEO OF AHWFB).
- How much revenue does NORTH CAROLINA BAPTIST HOSPITAL have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $3,259,407,603, expenses of $3,178,051,973 and total assets of $2,781,137,808 at year end.
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- STATE CHARTERED CREDIT UNIONS IN NORTH CAROLINA EIN 56-6043259 · last filed 990 for 2025
All nonprofits in WINSTONSALEM · North Carolina · Health care